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FTX Creditors Challenge Genesis’ Assertion of ‘$0.00’ as Critical Claim Value

From fxdailyreport.com

FTX, a bankrupt cryptocurrency exchange, is now opposing an assertion that it is entitled to nothing, just one month after it demanded $4 billion from the similarly bankrupt cryptocurrency lender Genesis. The FTX debtors claimed that the lawsuit was filed without giving them any warning and that they were not allowed to attend the negotiation. The FTX debtors have objected to Genesis’ estimate that they are entitled to claims totalling $0.00, as indicated by Genesis. FTX Debtors Allege Lack of Notice and Invitation to Mediation in Genesis Chapter 11 Proceedings The motion was submitted without giving the FTX debtors ... (full story)

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